Brookfield Properties, the owner of downtown Boca Raton’s Mizner Park, is looking again to sell the iconic dining and retail destination.
Ruby Riley, downtown manager for the city’s Community Redevelopment Agency, told City Council members on Dec. 9 that the property will go up for sale in January.
Asked for details, Riley said she had no additional information. Two spokespersons for Brookfield declined to comment.
As of late December, no offering memorandum had been issued, according to a real estate source. Mizner Park was last put up for sale in 2023, with at least three potential buyers wanting to acquire the property. The offers submitted were for as much as $290 million, The Real Deal reported. However, no deal was finalized.
It also went on the market in 2016 but was pulled off after pricing fell short of expectations, the Palm Beach Post reported at the time.
Brookfield owns most of the buildings in Mizner Park. The city’s CRA owns the land underneath them, which Brookfield leases.
The 5.2-acre property contains more than 500,000 square feet of retail and office space, a 272-unit apartment building and parking garages.
— Mary Hladky
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